Costco Wholesale Corporation $COST Stock Holdings Boosted by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,164 shares of the retailer's stock after acquiring an additional 306 shares during the period. Venture Visionary Partners LLC's holdings in Costco Wholesale were worth $7,722,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale in the fourth quarter worth about $25,000. Aspect Partners LLC lifted its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares during the period. Capital A Wealth Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth about $58,000. Mascagni Wealth Management Inc. acquired a new stake in Costco Wholesale in the fourth quarter worth about $59,000. Finally, Bank & Trust Co lifted its holdings in Costco Wholesale by 20.4% in the first quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the period. Institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company's stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock valued at $9,472,510 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

COST has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Truist Financial upped their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Loop Capital cut their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, August 4th. Finally, Morgan Stanley upped their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus target price of $1,050.00.

Costco Wholesale Stock Up 0.8%

COST opened at $979.35 on Tuesday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $434.32 billion, a price-to-earnings ratio of 55.55, a P/E/G ratio of 6.04 and a beta of 0.96. The business has a 50 day moving average of $971.72 and a 200-day moving average of $986.12.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $3.78 earnings per share. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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